Practice question
A chartered corporation’s special law expressly prescribes the rule for a corporate matter. An officer instead invokes a conflicting general RCC rule solely because the RCC is newer. No repeal or other overriding enactment is established. Which starting rule follows Section 4?
- Every charter is automatically void
- The officer may choose either rule for convenience
- The applicable special law or charter primarily governs, with RCC supplementation only insofar as applicable
- A public announcement resolves the conflict
- The corporation loses personality whenever rules differ
Legal references
- RA 11232, Section 4: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463
Answer this question in flashcards to review your response and continue practicing.